IPG Photonics

IPG Photonics is a manufacturer of high-power fiber lasers, fiber amplifiers, hybrid fiber/solid-state lasers and diode lasers for use in a wide range of markets including materials processing, advanced technologies, telecommunications & medical applications. The Company manufactures fiber lasers operating at 0.5 – 5 microns. IPG’s 1um and 1.5um fiber lasers and amplifiers are particularly popular in single-frequency and linearly-polarized variants; providing products having the best available combination of performance, reliability, and price. IPG's newly developed 2-5 microns mid-IR lasers offer cost-effective solutions for sensing, spectroscopy, material processing & medical applications. 

Company Growth (employees)
Type
Public
HQ
Oxford, US
Founded
1990
Size (employees)
4,230 (est)+14%
IPG Photonics was founded in 1990 and is headquartered in Oxford, US

IPG Photonics Office Locations

IPG Photonics has offices in Oxford, Moskva, Bristol, Burbach and in 16 other locations
Oxford, US (HQ)
50 Old Webster Rd
Cerro Maggiore, IT
21 Via Kennedy
Daejeon, KR
80 12
Gliwice, PL
74 Portowa
Prague, CZ
8 2062 Čs. Exilu
Novi, US
46695 Magellan Dr
Show all (20)

IPG Photonics Data and Metrics

IPG Photonics Financial Metrics

IPG Photonics's revenue was reported to be $1 b in FY, 2016 which is a 12% increase from the previous period.
USD

Revenue (FY, 2016)

1 b

Revenue growth (FY, 2015 - FY, 2016), %

12%

Gross profit (FY, 2016)

552.2 m

Gross profit margin (FY, 2016), %

55%

Net income (FY, 2016)

260.7 m

EBIT (FY, 2016)

364.3 m

Market capitalization (19-Jul-2017)

8.1 b

Closing share price (19-Jul-2017)

149.8

Cash (31-Dec-2016)

623.9 m

EV

7.5 b
IPG Photonics's current market capitalization is $8.1 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

769.8 m901.3 m1 b

Revenue growth, %

19%17%12%

Cost of goods sold

409.4 m453.9 m

Gross profit

491.9 m552.2 m

Gross profit Margin, %

55%55%

Sales and marketing expense

38.4 m

R&D expense

78.6 m

General and administrative expense

66.5 m

Operating expense total

132.8 m149.8 m187.9 m

EBIT

283.8 m342 m364.3 m

EBIT margin, %

37%38%36%

Interest expense

301 k1.3 m

Interest income

1.3 m

Pre tax profit

341.6 m366.6 m

Income tax expense

(99.6 m)(105.8 m)

Net Income

200.4 m242 m260.7 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

448.8 m522.2 m582.5 m623.9 m

Accounts Receivable

103.8 m143.1 m150.5 m155.9 m

Inventories

172.7 m171 m203.7 m239 m

Current Assets

786.3 m893.8 m1.1 b1.3 b

PP&E

252.2 m275.1 m288.6 m379.4 m

Goodwill

455 k455 k505 k19.8 m

Accounts Payable

18.8 m17.1 m26.3 m28 m

Total Debt

12.7 m33 m19.7 m40.8 m

Current Liabilities

100.1 m122.1 m145 m158.3 m

Total Liabilities

232.3 m

Additional Paid-in Capital

538.9 m567.6 m607.6 m651 m

Retained Earnings

390.8 m591.2 m833.4 m1.1 b

Total Equity

1.3 b1.6 b

Debt to Equity Ratio

0 x0 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

155.8 m200.4 m242 m260.7 m

Depreciation and Amortization

31.5 m35.6 m42.4 m51.5 m

Accounts Receivable

(10 m)(49 m)(19 m)(11.4 m)

Inventories

(50 m)(42 m)(71 m)(53.6 m)

Accounts Payable

974 k3.3 m9.8 m(407 k)

Cash From Operating Activities

119.4 m180.1 m256.6 m292.3 m

Purchases of PP&E

(70.9 m)(88.6 m)(70.1 m)(127 m)

Cash From Investing Activities

(75.9 m)(90.1 m)(181.6 m)(274.4 m)

Cash From Financing Activities

14.1 m11.5 m5.4 m32.9 m

Interest Paid

208 k253 k873 k942 k

Income Taxes Paid

89.6 m73.5 m91.3 m127 m
USDY, 2016

EV/EBIT

20.7 x

EV/CFO

25.8 x

Revenue/Employee

269 k

IPG Photonics Operating Metrics

IPG Photonics's Backlog was reported to be $413.9 m in FY, 2016, which is a 6% decrease from the previous period. IPG Photonics's Patent Applications was reported to be 380 in FY, 2016, which is a 19% increase from the previous period
FY, 2014FY, 2015FY, 2016

Patents Issued

170200240

Patent Applications

260320380

Backlog

$321 m$442.5 m$413.9 m

Countries

141516

    IPG Photonics Market Value History

    IPG Photonics Revenue Breakdown

    IPG Photonics Online and Social Media Presence

    IPG Photonics Company Life and Culture

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